An asset is made up of the set of quantifiable goods and properties, which are owned by a person or a company.
What is an asset?
A right that has financial value is called an asset, which is a resource with value that someone owns.
Characteristics of an asset
- The assets are recorded in the accounting balances, forming the credit.
- The assets will receive a monetary value each, this valuation will depend on different criteria.
Therefore, we can conclude that the asset is the set of personal property, rights and other resources owned by a person.
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